The UK Competition and Markets Authority (CMA) will take additional time to consider the undertaking offered by S&P Global Inc and IHS Markit Ltd. The regulator has until 30 December 2021 to decide whether to accept the undertakings. The CMA considers that this period should be extended under section 73A(4) of the Act, because it…
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Online trading app Public.com today announces expansion to its its crypto lineup. Public is adding four new crypto assets to its offering: Decentraland, $MANA Cosmos, $ATOM Fantom, $FTM The Graph, $GRT The enrichment of the offering is announced less than a month after Public.com made 10 crypto-assets, such as Solana and Uniswap, available to trade….
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Institutional Shareholder Services Inc. (ISS), which is majority owned by Deutsche Börse Group, today announced the completion of its acquisition of Discovery Data Holdings, Inc., the holding company which owns Discovery Data, Inc. Based in New Jersey, Discovery Data’s platform empowers a growing set of more than 1,000 clients, including a wide range of asset…
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Social investment platform eToro today announced the launch of its eToro Money program for UK users. eToro Money seamlessly connects to a user’s eToro investment account allowing them to instantly deposit and withdraw funds and manage their crypto and funds all in one place. An eToro Money VISA debit card will be available free of…
Cyprus based Retail FX and CFDs brokerage group BDSwiss is continuing to build its footprint in the Far East, hiring Sophie Squillacioti as the company’s new Head of Asia. Sophie Squillacioti joins BDSwiss from New Zealand based broker BlackBull Markets, where she was Managing Director – China. Prior to joining BlackBull in 2019 she was…
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New Zealand’s Financial Markets Authority (FMA) today announces that it has lifted the suspension on the derivatives issuer licence of Forex and CFD broker AxiCorp Financial Services Pty Limited. The lifting of the suspension is effective as of 2 December 2021. In June 2019, the FMA suspended AxiCorp’s derivatives issuer licence for material breaches of…
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Adam Reynolds, CEO Asia Pacific, Saxo Capital Markets, is urging brokers and regulators to review the practice of Payment for Order Flow (PFOF). Mr Reynolds says: “As more people participate in global capital markets, brokers have a real duty of care to their clients and we believe that it is time for regulators in Asia…
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About two months after the victims of ROFX.net launched a lawsuit against numerous entities involved in the scheme, some of the defendants have responded to the allegations. On December 8, 2021, Defendants ePayments Systems Ltd. (EPS), Andrei Fetin, and Mikhail Rymanov filed their motion to dismiss the complaint. The defendants name two main reasons ffor…
Read More “Victims of trading scheme ROFX.net face opposition to class action complaint” »
LSEG (London Stock Exchange Group) today announces an expansion of its digital offering for issuers, public and private companies with an investment in OpenExchange Inc. This marks deepening of LSEG’s three-year partnership with OpenExchange during which OpenExchange technology has helped to power SparkLive. The expanded partnership will make it easier for issuers and investors to…
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FNG Exclusive… FNG has learned that Turkish brokerage group Global Kapital Group (GKG) has hired Adam Dougall as CEO of the company’s London-based, FCA regulated arm, GKFX Financial Services Limited. GKFX Financial Services Limited, or GKFX UK, operates mainly under the GKPro brand, providing B2B institutional FX and CFD services to smaller FX brokers as…
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